United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Up – Time to Buy?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s share price gapped up before the market opened on Monday . The stock had previously closed at $16.19, but opened at $17.44. United States Natural Gas Fund shares last traded at $17.52, with a volume of 2,560,963 shares traded.

United States Natural Gas Fund Stock Down 3.2 %

The firm has a market cap of $984.09 million, a PE ratio of -11.60 and a beta of 0.17. The firm’s 50 day moving average is $16.12 and its 200-day moving average is $14.86.

Hedge Funds Weigh In On United States Natural Gas Fund

A number of large investors have recently modified their holdings of UNG. SG Americas Securities LLC purchased a new stake in shares of United States Natural Gas Fund in the fourth quarter worth about $267,000. Kieckhefer Group LLC acquired a new stake in United States Natural Gas Fund in the fourth quarter valued at approximately $641,000. Virtu Financial LLC acquired a new position in shares of United States Natural Gas Fund during the third quarter worth $6,482,000. Hobbs Group Advisors LLC acquired a new position in shares of United States Natural Gas Fund during the third quarter worth $29,000. Finally, MML Investors Services LLC acquired a new stake in United States Natural Gas Fund during the 3rd quarter valued at $712,000.

About United States Natural Gas Fund

United States Natural Gas Fund, LP is a limited partnership. The Company is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc (the NYSE Arca). The investment objective of the Company is for the daily changes in percentage terms of its shares’ per share net asset value (NAV) to reflect the daily changes in percentage terms of the spot price of natural gas delivered at the Henry Hub, Louisiana, as measured by the daily changes in the price of the futures contracts on natural gas traded on the New York Mercantile Exchange (the NYMEX) that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire (the Benchmark Futures Contract), less its expenses.